Tuesday tips round-up: Kesa, Serco, Lloyds Banking
6th Jul 2010 06:39
The City's bearishness on Kesa shares partly reflects concerns over the tough trading environment that Comet faces in the UK. Furthermore, the City's UK-centric view glosses over the fact that Darty continues to deliver the bulk of the group's operating profit. Therefore, along with an improved per
Read moreLondon close: Footsie drops slightly
5th Jul 2010 16:33
London's main markets closed slightly lower after trading within a tight range all day. BP was the strongest blue chip all day on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf di
Read moreFTSE 100 movers: Cash injection rumour boosts BP
5th Jul 2010 15:21
BP is strong on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf of Mexico disaster. The cost of the clean-up exceeds $3bn. Educational publisher Pearson has benefited from Royal Ba
Read moreLondon afternoon: London continues drifting
5th Jul 2010 14:21
London shares are stuck in neutral, with the Footsie barely changed on the day. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost
Read more2nd UPDATE: Lloyds Banking Sells Private Equity Portfolio
5th Jul 2010 13:03
(Adds detail, analyst comment.) By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Lloyds Banking Group PLC (LYG) Monday said it will receive GBP332 million by selling a portfolio of private equity investments to a new joint venture in which it will hold a minority stake, as pa
Read moreLondon midday: Stocks tread water
5th Jul 2010 12:17
The London stock market ended the morning little changed, with the general air of lethargy reinforced by the absence of any directional input from the US market, which is closed today. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds un
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 10:35
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0935 GMT [Dow Jones] Lloyds Banking Group's (LYG) sale of a portfolio of 40 private equity investments to a joint venture wit
Read moreMARKET TALK: Lloyds Banking Group Pvt Equity Sales Welcomed
5th Jul 2010 10:35
0935 GMT [Dow Jones] Lloyds Banking Group's (LYG) sale of a portfolio of 40 private equity investments to a joint venture with Coller Capital "offers further confidence of a sharp fall in 2010e impairments," says Exane BNP Paribas analyst Ian Gordon, who expects a reduction of around 44% in 2010 imp
Read moreLondon open: Slow start for Footsie
5th Jul 2010 08:42
Early gains for Footsie have disappeared quickly in the face of a poor start for the miners and the absence later on of Wall Street, closed for Independence Day. BP is one of the gainers on reports the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore
Read moreMARKET TALK: Lloyds Disposal Consistent With Strategy - Shore
5th Jul 2010 08:28
0728 GMT [Dow Jones] Lloyds Banking Group's (LLOY.LN) disposal of a portfolio of 40 private equity investments in its Bank of Scotland [BoS] Integrated Finance business is consistent with the group's strategy and is structured to allow Lloyds to share in future investment upside, says Shore Capital.
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 08:28
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0728 GMT [Dow Jones] Lloyds Banking Group's (LLOY.LN) disposal of a portfolio of 40 private equity investments in its Bank of
Read moreUPDATE: Lloyds Banking Sells Private Equity Portfolio
5th Jul 2010 08:19
(Adds detail.) By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Lloyds Banking Group PLC (LYG) Monday said it will receive GBP332 million by selling a portfolio of private equity investments to a new joint venture in which it will keep a minority stake, as part of the 41%-sta
Read moreLondon pre-open: Footsie targets tiny gain
5th Jul 2010 07:37
It's looking like a quiet and nervy start for London as US stocks struck a new low for 2010 in very late trade Friday. Any moves will be locally-led in the absence of Wall Street, closed for Independence Day. Futures prices indicate a 4-point gain in early trade. The Dow Jones closed down 46 on Fri
Read moreLloyds Banking To Get GBP332M Cash In Private Equity Venture
5th Jul 2010 07:32
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Lloyds Banking Group PLC (LYG) Monday said it will receive GBP332 million by selling a portfolio of private equity investments to a new joint venture in which it will keep a minority stake, as part of the 41%-state owned bank's pla
Read moreLloyds Banking Group Sells Bank Of Scotland Integrated Finance
5th Jul 2010 07:14
LONDON (Dow Jones)--Lloyds Banking Group PLC (LLOY.LN), a financial services group, said Monday it is selling a portfolio of 40 private equity investments in its Bank of Scotland Integrated Finance business to a new joint venture called Cavendish Square Partners LP. MAIN FACTS: -The new join
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